Regency Mines plc (AIM: RGM) has made a promising nickel acquisition in Papua New Guinea and achieved promising results from copper gold exploration in Queensland, the company reported today in its final audited results year to 30 June 2006.

In May, Regency acquired a 75 p.c. interest in a 584 sq km exploration license covering the Mambare Plateau in Papua New Guinea. The license is prospective for nickel laterite deposits, and of 48 samples taken by Regency, 19 graded over 0.8 p.c. nickel and 11 graded over 1 p.c. nickel. Regency has also identified potentially significant accompanying cobalt mineralisation.

In 1999, Anaconda Nickel Ltd reviewed the existing data for a 158 sq km area of the Mambare Plateau and arrived at two potential resource estimates, one of 630 Mt at 0.78 p.c. nickel with a 0.5 p.c. cut-off and 200 Mt at 1.01 p.c. nickel with a 0.8 p.c. cut-off. These estimates, says Regency, give grounds for substantial optimism regarding future exploration, which may be undertaken in partnership with another company.

On 29 July 2005, Red Rock Resources plc, in which Regency has a 60 p.c. stake, saw its shares admitted to trading on AIM. Red Rock Resources plc listed with a portfolio of Australian iron ore and manganese properties, predominantly in Western Australia, and has since supplemented these with properties in the Northern Territory of Australia, Zambia, and Malawi. At 30 June 2006 the market value of Regency’s holding in Red Rock was £1.278m, and on 20 November 2006 the value was in excess of £2.1m, representing 97 p.c. of Regency’s market value.

Regency welcomed to the board in June Pedro Kastellorizos BSc, aged 32, as Technical Director. Pedro has ten years of experience in exploration, management and tenement administration, including as Group Exploration Manager at Tennant Creek Gold Limited and Exploration Director at Batavia Mining Limited.

In the first half of the year, Regency carried out exploration at the Bundarra copper-gold property in Queensland. Soil sampling produced some significant results with grades of up to 3.1 p.c. copper with 0.9 g/t gold and 10.8 g/t silver. A 3,033m RAB drilling programme of 104 shallow holes was undertaken in July and August, with several areas being identified requiring further work.

Further Information:

Andrew Bell, Chairman, Regency Mines plc. Tel: 0044 7766 474 849

Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518

www.regency-mines.com